The Global Peer to Peer Lending Market is Predict to reach USD 1.1 Trillion by 2030, at a CAGR of 28%

Peer to Peer Lending Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Peer to Peer Lending Market size is expected to reach $1.1 Trillion by 2030, rising at a market growth of 28.0% CAGR during the forecast period.

The Alternate Marketplace Lending segment is showcasing a CAGR of 30.8% during (2023 - 2030). The growth of the alternate marketplace lending sector has been fueled by investors aiming to diversify their portfolios and achieve higher returns. By expanding beyond traditional P2P lending offerings, platforms attract more investors looking for opportunities in different asset classes. Many regions have adapted their regulatory frameworks to accommodate the growing diversity of lending options within the P2P lending market. Regulatory support and clarity encourage innovation and expansion. Therefore, the segment is expected to grow rapidly in the coming years.

The Small Business Loans segment has acquired the highest revenue share in the Global Peer to Peer Lending Market by Loan Type in 2022 thereby achieving a market value of $358.3 Billion by 2030. P2P lending platforms offer faster loan approval and disbursement processes than traditional banks. This speed is crucial for small businesses that require funds quickly to seize opportunities or address urgent financial needs. The streamlined application and approval procedures attract businesses looking for efficient financing options. The absence of physical branches and lower overhead costs allows P2P lending platforms to offer competitive interest rates on small business loans.

The Personal segment has shown the high growth rate of 29% during (2023 - 2030). Many P2P lending platforms offer competitive interest rates for personal loans, which can be lower than those traditional financial institutions offer. This affordability makes P2P lending an attractive option for individuals looking to borrow money while minimizing interest expenses. Many individuals use P2P loans to fund home renovation and improvement projects, enhancing the value of their properties. Unexpected medical bills can be financially challenging. P2P lending platforms provide a source of funding to cover these costs. As a result, the segment will expand rapidly in the upcoming years.

The North America region dominated the Global Peer to Peer Lending Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $491.6 Billion by 2030, growing at a CAGR of 27.4 % during the forecast period. The Asia Pacific market is anticipated to grow at a CAGR of 29.1% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 27.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/peer-to-peer-lending-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Harmoney Corp Limited, Funding Circle Limited (Funding Circle Holdings plc), LendingTree, LLC (LendingTree, Inc.), Upstart Network, Inc. (Upstart Holdings, Inc), LendingClub Bank (LendingClub Corporation), goPeer Corporation, Linked P2P Limited, Prosper Funding LLC (Prosper Marketplace, Inc.), Lending Loop (Loop Financial Inc.), and MoneyMe Limited.

Global Peer to Peer Lending Market Segmentation

By Business Model

• Traditional Lending
• Alternate Marketplace Lending

By Loan Type

• Small Business Loans
• Consumer Credit Loans
• Real estate Loans
• Student Loans

By End User

• Business
• Personal

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Harmoney Corp Limited
• Funding Circle Limited (Funding Circle Holdings plc)
• LendingTree, LLC (LendingTree, Inc.)
• Upstart Network, Inc. (Upstart Holdings, Inc)
• LendingClub Bank (LendingClub Corporation)
• goPeer Corporation
• Linked P2P Limited
• Prosper Funding LLC (Prosper Marketplace, Inc.)
• Lending Loop (Loop Financial Inc.)
• MoneyMe Limited

Related Reports:

North America Peer to Peer Lending Market Size, Share by 2030

• October-2023
• 92 Pages

LAMEA Peer to Peer Lending Market Size, Share & Trends, 2030

• October-2023
• 104 Pages

Europe Peer to Peer Lending Market Size & Growth, 2023-2030

• October-2023
• 105 Pages

Asia Pacific Peer to Peer Lending Market Size & Share, 2030

• October-2023
• 106 Pages